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20130113
20130121
Search Results 0 to 26 of about 27 (some duplicates have been removed)
PBS
Jan 14, 2013 4:30pm PST
economy. he warned markets would go haywire if congress does not act, interest rates would rise, and checks to social security beneficiaries would stop. and he said even thinking about the u.s. not paying its bills is irresponsible and, "absurd". darren gersh reports. >> reporter: in his first news conference of the new year the president gave a harsh lecture to republicans about the need to raise the debt ceiling and he once again said there was no way he'd negotiate with congress about something it should do anyway. >> they will not collect a ransom in exchange for not crashing the american economy. the financial well-being of the american people is not leverage to be used. the full faith and credit of the united states of america is not a bargaining chip. >> reporter: republicans called the president hypocritical for saying he will not negotiate over the debt limit while blasting republicans for refusing to negotiate. and they fired back that the debate over the debt ceiling was the perfect time to consider legislation to cut spending. at the same time, only a handful of republica
PBS
Jan 13, 2013 8:00am PST
economy." >> but hasn't our economy changed so much since franklin roosevelt simply put people on the government payroll? >> it's, economics, the underlying rules change a lot more slowly than people imagine. people look and they say, "oh, you know, back then they were taking ocean liners and now we fly jet airplanes." or, "back then we didn't have a global economy." actually, we did. it's a little bit fancier now. but the basic rules are not are not much changed. it takes hundreds of years for those to change a whole lot. and this is, i can pretty easily assemble a bunch of headlines om t 1930s andhey will sound like they're right out of today's headlines. this is the same kind of animal that we confronted in the '30s. this is depression economics. and the nature of the solution is not really very different now from what it was then. >> what do you mean, depression economics? >> well, two things really. one is, a recession is when the economy's going down. a depression is when the economy is down. so, you know, the u.s. economy was actually expanding through most of the 1930s, after
PBS
Jan 15, 2013 10:00pm PST
created a dilemma in the world's ninth largest economy. with budget cuts coming like clock work, the state's college and university systems declined in offerings and in reputation. schools suffered cutbacks in personnel and programs. services for the poor were trimmed by $15 billion since 2008. state workers were furloughed. then in 2010, promising to use his long honed political skills to fix the state, jerry browne, a democrat, was elected governor. 30 years after he held the job in the '70s. he faced a $26 billion deficit and started making more cuts and changes like transferring inmates from the state's overcrowded prisons to county jails and closing down local redevelopment agencies using the money for the state budget. meanwhile, the economy started to improve in fits and starts bringing in more tax revenue. but it all wasn't enough. brown proposed to california voters a measure to raise income taxes on the wealthy and sales taxes for everybody. to the feun of $5.6 billion. brown campaigned vigorously from what was called proposition 30 in last november's ballot. >> let's hold
PBS
Jan 14, 2013 5:30pm PST
provided by: moving our economy for 160 years. bnsf, the engine that connects us. >> and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> brown: battle lines were drawn at either end of pennsylvania avenue today over the national debt and government spending. the opening shots came from president obama at his white house news conference. >> i thought it might make sense to take some questions this week as my first term comes to an end. >> brown: the questions were dominated by the looming debt ceiling fight. the president sternly warned republicans not to balk at raising the nation's borrowing limit. >> they will not collect a ransom in exchange for not crashing the american economy. the financial well being of the american people is not leverage to be us
PBS
Jan 16, 2013 5:00pm PST
economy is largely unchanged. the central bank released its economic report on wednesday. the report is based o surveys in 12 federal reserve districts. manufacturing activities are mixed while employment conditions are relatively unchanged from the previous report in november. holiday sales were modestly higher than in 2011 although the figures were below expectations. the overall sassessment is generally positive. it says firms doing business in europe are those in the defense sector might delay hiring workers and that consumers may reduce spending. it's time to get a check on the markets now. let's take a look at the currency market. the dollar is trading above the mid 88 yen level. tokyo traders are seeing a halt in the yen's gain. this follows recent cautious remarks from cabinet ministers about a weak yen. the euro is higher against the yen. tokyo share prices are higher today. the nikkei average is at 106,872 106,872. market participants say the yen's pull back prompted investors to buy up export related issues. taking a look at other markets. south korea's kospi trading high up
PBS
Jan 17, 2013 4:30pm PST
manufacturing, has the u.s. economy has finally turned a corner? >> susie: and messy earnings news from two giant banks: a big earnings miss from citigroup, and a big earnings drop at bank of america. investors dump the stocks. >> m: that anmore tonight on n.b.r."! >> susie: hundreds of flights were canceled today and airlines rushed to make back-up plans after regulators around the world grounded boeing's 787 dreamliner. those actions came after the federal aviation association ordered the plane out of the air after two incidents where lithium ion batteries overheated. boeing says it is confident the 787 is safe and says it stands behind the plane's overall integrity. this is only the second time in more than 30 years that regulators have grounded a plane. darren gersh reports. >> reporter: boeing has spent more than $30 billion developing the 787 dreamliner. one reason for the high cost is boeing's decision to upgrade the hydraulics and other mechanical systems with next-generation technology that runs on electricity. >> you've got generators on board the aircraft that are poweri
PBS
Jan 15, 2013 6:30pm PST
significant sector in the overall market, and they have the pulse on the economy, in terms of housing, mortgages, hiring, and we watch that trading activity in the last quarter. >> susie: and we'll have all of those numbers tomorrow. that's "nightly business report" for tonight, tuesday, january 15. have a great evening, everyone. see you tomorrow, tom. hae a great evenin everye. and you, too, tom. >> tom:ood night, susie. we'll see you online at www.nbr.com and back here tomorrow night. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org
PBS
Jan 13, 2013 10:00am PST
and the international economy. the pope called for more humanitarian aid to syria and warned that there will be no winners in the current situation, only "a field of ruins." the pope blamed the worldwide economic crisis on a desire for profit and spoke of the growing divide between the few who grow richer and the many who grow poorer. >>> meanwhile, in syria, the humanitarian situation continues to worsen. the world food program said it is unable to reach one million syrians in need of food. the group said it's had to withdraw its staff from certain cities because of the violence. >>> in los angeles, a judge has ordered the catholic archdiocese to release nearly 30,000 internal documents on the clergy sex abuse crisis, without removing any names. previously, another judge had ruled the archdiocese could redact the names but that decision has now been overturned. the church says it will comply, although no date has been set for the documents release. t papers include memos, medical records and correspondence with the vatican. >>> we have a special report today from california about
PBS
Jan 20, 2013 8:30am PST
global economy. but beyond carnivale, samba, and soccer, what do we really know about brazil? today, a conversation with the director of the brazil institute at the woodrow wilson center, paulo sotero. i'm maria hinojosa. this is one on one. paulo sotero, you are the head of the woodrow wilson center's brazil institute in washington, dc, longtime journalist covering the united states for brazil. and i just have to ask you, you know, so many people think about brazil as being this faraway tropical country, you know, far, deep in the south. but in fact, brazil is a growing superpower. it's gone through an extraordinary transformation in the past 20 years. so the last time that i was there was 1997. if i was to go back to rio or sao paolo now, would i see a difference? what would i see? >> you would see a country whose people is more comfortable with the current... its current situation. there is a sense of hope that has been restored to the country compared to that time. that was the time when we had established democracy, reestablished democracy, but we were entering the period of econo
PBS
Jan 18, 2013 4:30pm PST
cruise business these gays? given the weak economy, how are bookings? >> you know, we're feeling pretty good. we're filling our ships every single week with consumers that are having a ball and going off the ships and talking to their friends and neighbors and that's what's driving us gluldz you do interact a lot with consumers, what's your take on consumers? are they willing to spend money to go on a vacation or are stay teastill cautious they don't want to splurge on a big trip? >> i think consumers have had a tough run and now they know what their tax situation is of for 2013 based on what happened in washington recently, and the ones work say i have nigh job, interest rates are low. it's not that bad. i want to take my vacation. >> susie: is business strong enough that you're going to add some jobs and what are your hiring plans? >> every time we launch a new ship, it brings on a lot more employees. we're 20,000 strong at this point. and if you think about there are a couple of thousand that come along with each new ship we're building in the future here. >> susie: kevin, tha
PBS
Jan 16, 2013 11:00pm PST
that will be very help informal this era of underemployment and structural issues in the economy. >> you think the ipad is the most important new development since the i.b.m. p.c.? >> i do. >> rose: because? >> because it -- i'll start with if you lk at the ti of day the most common time of day for people to use their ipad is between 6:00 p.m. and when they go to sleep. when what is that known in your line of work? that's known as prime time. and it turns out the ipad isn't the second screen when people are watching t.v. for people over the age of 40, when they're in bed watching t.v. with their ipad, the ipad's actually the thing they're paying attention to and the t.v. is the background noise, if something happens they look up and look at it. why is that important? first of all could you have imagine five years a that there would be a product that would go from zero to 50 million yunz overnight and the single most common thing to do would be to read in the bed at night? a technology product? that was to me unimaginable five years ago. so i look at this and i wonder what is ther
PBS
Jan 16, 2013 5:30pm PST
night. >> major funding for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the enginehat nnects us. >> support also comes from carnegie corporation of new york, a foundation created to do what andrew carnegie called "real and permanent good." celebrating 100 years of philanthropy at carnegie.org. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your bs station om viewers like u. thank you. captioning sponsored by macneil/lehrer productions captioned by media access group at wgbh access.wgbh.org
PBS
Jan 16, 2013 4:30pm PST
wrangling could hurt the u.s. economy. >> susie: and from chipotle to dunkin' donuts, did fast food chains meet investors' appetites for big returns? we're talking food stocks. >> tom: that and more tonight on "n.b.r."! >> tom: we begin with banking. two giant financial powerhouses reported big gains in fourth quarter earnings today. j.p. morgan chase booked its third straight year of record profits. and goldman sachs reported fourth quarter earnings that were almost triple the same period a week ago. erika miller reports. >> reporter: before we get to jp morgan's profits, let's talk about the earnings of it's c.e.o., jamie dimon. the board cut his pay in half as punishment for a more than $6 billion loss at j.p. morgan's london trading desk. but dimon will still pocket a $10 million bonus. add on $1.5 million in salary, and his total compensation was $11.5 million last year. >> we don't think it's inappropriate, what the board did. butt the end of the day jamie dimon is stl doing pretty well for himself. he's not exactly living out of a refrigerator box on park avenue. >> reporter:
PBS
Jan 13, 2013 12:30pm PST
announcement, the president and outgoing treasury secretary timothy geithner. >> our economy is better positioned for tomorrow than most of those other countries hit by the financial crisis. the tough decisions tim made and carried out deserve a lot of credit for that. i understand that tim is ready for a break. obviously, we are sad to see him go, but i cannot think of a better person to continue tim 's work at treasury than jack lew. >> unlike most treasury secretaries, jack lew earn his stripes and a washington and not wall street. he worked for tip o'neill in the 1970's and 1980's, and was clinton's: the director in the 1990's. evan, what does this tell us about the physical fights ahead? >> the good news is that he knows washington bit bad news is that he will do exactly what obama tls him, and from all indications, obama will not do much about fiscal restraint. >> nina, your sense of jack lew and what lies ahead? >> i think i agree with evan, but lew really does know the budget numbers. he did this in the clinton administration when we had a surplus, as the white house points out
PBS
Jan 14, 2013 5:00pm PST
report noted the regional economy continue to gradually grow. in japan machinery orders will be released. this iortant gauge showed a 2.6 month on month increase in october. on friday china will announce gdp data for 2012 as well as for the whole year. between july and september gdp expanded 7.4% from a year earlier. now just a few minutes ago i read that the dollar is trading at a 2$2.5 year low. that dollar is trading at a 2.5 year high. here is the market recaps. >>> japan women want to have place to turn for help. 25 institutions in japan now offer invitro fertilization. they have to find their own donor. donors will have to younger than 35 years old. they must already have children and be willing to donate eggs without compensation. recipients must be under 40 and they must have illnesses or genetic abnormalities that prevent them from conceiving. donors won't be allowed to meet the recipients, but the children will be allowed to see details about the donor when they turn 15. >>> thousands of people waiting to go home. tons of debris waiting for disposal. vast tracts of land awaitin
PBS
Jan 13, 2013 1:00pm PST
their home countries, but the economy continues to drag its fee sthey invest in houses and flats in germany's capital, berlin, where there are still objects available in top locations and for a relatively low price. high rents are now forcing berliners on low incomes to move to cheaper areas outside the city. rising rents are a problem people in paris and london have been familiar with for decades. in the british capital, you easily pay 600 and for an average flat per week. londoners traditionally spend more than 3/4 of their monthly come on rent, but there is an increasing number of people who have had to look elsewhere. >> britain, like the rest of europe, is in the grips of recession, but there are hardly any traces of it in london. real-estate prices in the city center have shot up by 30% this year, and building continues. a penthouse in london's west end can easily fetch nearly 50 million euros. buyers include russians, chinese, arabs, and those fleeing europe. those who work in london usually live about an hour and a half outside the city. for many who cannot find work, their
PBS
Jan 17, 2013 10:00pm PST
: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. >> and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> brown: algeria's state news agency now says special forces have completed a mission to rescue dozens of foreign hostages, including some americans. they'd been held by militants tied to al-qaeda. but there are wildly varying accounts of how many got out alive, and how many were killed. >> because of the fluidity and the fact that there is a lot of planning going on, i cannot give you any further details at this time about the current situation on the ground. >> brown: even this afternoon, as secretary of state hillary clinton suggested, the situation in algeria remained confused. the focus was this natural gas compound in the sahara de
PBS
Jan 18, 2013 5:30pm PST
average, everyday, ordinary americans help turn around this economy and get it growing again. you know, in first inaugurals, it's about a transition of power, peaceful transition of power. in this inaugural, it's really about the continuation of this president's legacy and his vision for the country. >> suarez: mr. obama will actually be sworn in sunday, in private, to meet the constitutional requirement for the oath on the 20th. then, he'll take the oath in public the next day. in a way, he will become the first president since franklin d. roosevelt to take the oath of office four times. in 2009, he took the oath twice because, in a do-over, performed the day after chief justice john roberts tripped on his lines during the first inauguration. >> within a few days, the president will be walking from that part of the capitol right here, and then down these airs. >> suarez: new york democratic senator chuck schumer is chairman of the joint congressional committee on inaugural ceremonies, which oversees all of the inaugural rituals related to the capitol. >> there's no tanks in the s
PBS
Jan 14, 2013 11:00pm PST
threaten the u.s. economy. >> so we got to pay our bill its. and republicans in congress have two choices here. they can act responsibly and pay america's bills, or they can act irresponsibly and put america through another economic crisis. but they will not collect a ransom in exchange for not crashing the american economy. the financial well-being of the american people is not leveraged to be used. the full faith and credit of the united states of america is not a bargaining chip. and they better choose quickly because time is running sht. >> rose: other topics included the ongoing debate on gun control, and the lack of diversity in the second term appoint ease. joining me from washington al hunt of bloomberg news and from the white house major garrett of cbs news. thank you. al better i start with you. characterize for me the president in temperment and in words on the bet dealin dealing -- ceiling. >> charlie, i think he realizes he has a winning hand substantively on this and there will be caveats in just a moment. i was truck,-- struck, however that what this really, his las
PBS
Jan 15, 2013 11:00pm PST
in 2012 because they have a surplus but china is working very past to become an information economy without being an information society. they want to be a 21st century economy with a 20th century political system and we saw that right after we put the report out you suddenly had these demonstration i assure you we had no part in against censorship in china and one of the first major decisions made was the new prident was to gt out there and say the chinese communist party will not tolerate unorthodox situate in the press or in the media .. >> but i mean that is the fear it would undermine the power of the communist party. >> that's right. >> that was always the fear. >> and i think in an environment where you have hundreds of millions of chinese on twitter, that increasingly are learning their government officials are worth billions of dollars. >> rose: basically you are saying their fear is legitimate. >> i think their fear is legitimate, i don't think the country is going to fall apart. >> rose: butery rong protesmoveme that has legs could provide a challenge over -- >> that's ri
PBS
Jan 15, 2013 4:30pm PST
in the overall market, and they have the pulse on the economy, in terms of housing, mortgages, hiring, and we watch that trading activity in the last quarter. >> susie: and we'll have all of those numbers tomorrow. that's "nightly business report" for tonight, tuesday, jnuary 15. have a great evening, everyone. see you tomorrow, tom. have a great evening, everyone. and you, too, tom. >> tom: good night, susie. we'll see you online at www.nbr.com and back here tomorrow night. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org
PBS
Jan 21, 2013 8:00am PST
ourselves anew and vowed to move forward together. together we determined that a modern economy requires railroads and highways to speed travel and commerce, schools and colleges to train our workers. gether we discovered that a free market only -- and fair play. together we resolve that a great nation must care for the vulnerable and protect its people from life's worst hazards and misfortunes. through it all we have never relinquished, nor have we succumb to the fiction that all society's ills can be cured through government alone. our celebration of initiatives and enterprise, our insistence on hard work and personal responsibility, these are constant in our character. we have always understood that when times change so must we. that fidelity to our funding principles requires new responses to new challenges. our individual requires collective tion, the american people can no more meet the demands of today's world by acting alone than american soldiers that met the forces of fascism or communism with musicales and militias, no single person can train all the math and science
Search Results 0 to 26 of about 27 (some duplicates have been removed)